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Real Estate News Releases
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(EMAILWIRE.COM, August 09, 2011 ) Minneapolis, MN -- As expected, stocks did not respond well to Standard and Poor's downgrade of U.S. credit.
The Dow closed down 630 points. Many big-board stocks closed down 20 percent or more on Monday. Here's some stocks to watch Tuesday according to the Mega Stock Picks web site.
Among the victims was Bank of America (NYSE: C)'>BAC). It closed at $6.51, down $1.66 or 20 percent. It hit a 52-week low in the process.
Another victim was Dendreon Corp. (Nasdaq: DNDN). It closed down $2.19 to $10.37 or nearly 18 percent.
The next big loser on Monday was Citigroup (NYSE: C). It closed at $27.95 or down $5.49 (-16.4%).
Adding to the gloom was DryShips, Inc. (Nasdaq: DRYS). It closed down .68 to $2.21 or minus 24 percent.
And, finally, there's Coffee Holding Co., Inc. (Nasdaq: JVA). It closed at $14.49, down $3.96 or 21 percent.
Each of these stocks took big hits Monday as most stocks did. These are stocks to watch Tuesday. The big thing is timing as we may not have seen the end of our recent skid.
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About: Mega Stock Picks publishes a free e-newsletter which includes stock profiles and advertisements. The company covers all sectors of the market from penny stocks to the NYSE.
Disclaimer: Mega Stock Picks is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice.
Mega Stock Picks
Editor
612-638-8760
info@megastockpicks.com
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